Texas Insurance Code - Section 401.059. Determination Of Value
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§ 401.059. DETERMINATION OF VALUE. In determining the
value or market value of an investment in or on real estate or an
improvement to real estate by a carrier authorized to engage in
business in this state, the department, in administering this code,
may consider any factor or matter that the department considers
proper and material, including:
(1) an appraisal by a real estate board or other
qualified person;
(2) an affidavit by another person familiar with those
values;
(3) a tax valuation;
(4) the cost of acquisition after deducting for
depreciation and obsolescence;
(5) the cost of replacement;
(6) sales of other comparable property;
(7) enhancement in value from any cause;
(8) income received or to be received; and
(9) any improvements made.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 401.052 401.053 401.054 401.055 401.056 401.057 401.058 401.059 401.060 401.061 401.062 401.101 401.102 401.103 401.104
Last modified: August 11, 2007
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